ETH

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC−0.0211%/8h= −23.1% APRnext payment −$2.11 per $10,000 · paid last 24h +0.010%

Price spread now: Orderly against BloFin+0.103%52s7-day average +0.086% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now +0.103%, 7d avg +0.086%

Together, before fees+0.051%+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.086%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.11 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ETH-USDT	2,739	0.0400	pay 0.0400% / 8h	4h 49m	$285.1M	$146.9M	150x
Short	Orderly PERP_ETH_USDC	2,741.8	0.0189	get 0.0189% / 8h	4h 49m	$32.4M	$9.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BloFinbpFee OrderlybpOrdersPrice spread, now +0.103%Rate

Funding earned: −$44.32
Price spread: +0.103% → +0.086%: $1.69
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$60.63
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 min ago; Orderly: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 3 min ago	0.02 bp	6.0 bp −$6	6.0 bp −$60	7.2 bp −$717	9.7 bp −$4,863
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ETH on 55 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff ETH-PERP	−0.0080%	1h	2,742.5	+0.127%	$5K	$1K	50x	as long as short
Hibachi ETH/USDT-P	−0.0056%	1h	2,742.2	+0.117%	$231K	$1.2M	20x	as long as short
GMX ETH/USD [ETH-USDC]	L −0.0009% / S +0.0043%	1h	2,735.5	−0.128%	$12.2M	—	200x	as long as short
Phoenix ETH	−0.0009%	1h	2,738.3	−0.026%	$816K	$2.8M	25x	as long as short
Kalshi KXETHPERP	0.0000%	8h	2,739.9	+0.032%	$7.4M	$656.1M	4.9x	as long as short
Perpl ETH	0.0000%	43m	2,737.9	−0.041%	$264K	$5.0M	8.3x	as long as short
gTrade (Gains Network) ETH/USD	L +0.0007% / S −0.0006%	1h	2,734.3	−0.174%	$33.0M	—	200x	as long as short
Bybit ETHUSDT	+0.0047%	8h	2,738.8	−0.009%	$2.37B	$3.77B	150x	as long as short
01 Exchange ETHUSD	+0.0048%	1h	2,739.2	+0.007%	$183K	$910K	50x	as long as short
ApeX Omni ETHUSDT	+0.0062%	1h	2,739.1	+0.003%	$8.2M	$25.0M	100x	as long as short

Show all 55 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ETH-USDT-SWAP	+0.0072%	8h	2,738.3	−0.027%	$1.67B	$9.01B	100x	as long as short
dYdX ETH-USD	+0.0083%	1h	2,736.8	−0.081%	$15.2M	$42.4M	50x	as long as short
Deribit ETH-PERPETUAL	+0.0086%	1h	2,740.4	+0.051%	$267.1M	$180.4M	50x	as long as short
KuCoin ETHUSDTM	+0.0091%	8h	2,739.1	+0.004%	$378.1M	$433.5M	100x	as long as short
Lighter ETH	+0.0096%	1h	2,736.7	−0.085%	$113.6M	$381.9M	50x	as long as short
Lighter RH ETH	+0.0096%	1h	2,738.1	−0.033%	$23.5M	$93.5M	50x	as long as short
Jupiter Perps ETH-PERP	L +0.0096% / S +0.0056%	1h	2,737.9	−0.041%	—	$23.3M	500x	as long as short
Aevo ETH-PERP	+0.0096%	1h	2,739.6	+0.021%	$4.9M	$247K	20x	as long as short
Katana Perps ETH-USD	+0.0100%	8h	2,737.5	−0.055%	$514K	$3.5M	50x	as long as short
Nado ETH-PERP	+0.0100%	1h	2,739.2	+0.007%	$14.9M	$93.5M	50x	as long as short
Hyperliquid ETH	+0.0100%	1h	2,740.3	+0.047%	$3.14B	$1.67B	25x	as long as short
Aster ETHUSDT	+0.0100%	8h	2,738.8	−0.010%	$254.8M	$700.8M	200x	as long as short
Pacifica ETH	+0.0100%	1h	2,737.5	−0.054%	$32.0M	$322.3M	50x	as long as short
Binance ETHUSDT	+0.0100%	8h	2,739	−0.001%	$6.41B	$13.67B	150x	as long as short
Ondo Perps ETH-USD.P	+0.0100%	1h	2,737.9	−0.041%	$2.8M	$14.0M	25x	as long as short
Arcus ETH-USD	+0.0100%	1h	2,739.3	+0.011%	$1.6M	$14.1M	25x	as long as short
Bulk ETH-USD	+0.0100%	1h	2,743.8	+0.175%	$163.0M	$315.0M	25x	as long as short
Gate ETH_USDT	+0.0100%	8h	2,738.6	−0.015%	$3.27B	$7.61B	200x	as long as short
MEXC ETH_USDT	+0.0100%	8h	2,737.6	−0.051%	$1.60B	$2.29B	500x	as long as short
Bitget ETHUSDT	+0.0100%	8h	2,737.8	−0.046%	$2.11B	$2.26B	150x	as long as short
BingX ETH-USDT	+0.0100%	8h	2,733.9	−0.186%	—	$936.5M	—	as long as short
Backpack ETH_USDC_PERP	+0.0100%	1h	2,737.3	−0.062%	$15.0M	$35.0M	50x	as long as short
Variational Omni ETH	+0.0100%	8h	2,738.7	−0.011%	$133.6M	$273.6M	—	as long as short
edgeX ETHUSDC	+0.0100%	4h	2,739.1	+0.001%	$184.3M	$557.1M	100x	as long as short
GRVT ETH_USDT_Perp	+0.0100%	8h	2,739.4	+0.013%	$159.2M	$69.7M	50x	as long as short
StandX ETH-USD	+0.0100%	1h	2,741.8	+0.101%	$21.1M	$76.3M	40x	as long as short
Vest ETH-PERP	+0.0100%	1h	2,739.1	+0.004%	—	$316K	50x	as long as short
Polymarket Perps ETH-USD	+0.0100%	1h	2,738.9	−0.004%	$11.2M	$8.6M	50x	as long as short
Bullet ETH-USD	+0.0100%	1h	2,735.8	−0.118%	$176K	$1.6M	20x	as long as short
Bluefin ETH-PERP	+0.0100%	1h	2,739.1	+0.002%	$20K	$7K	25x	as long as short
Derive ETH-PERP	+0.0100%	1h	2,741.2	+0.078%	$40.9M	$25.9M	15x	as long as short
SunX ETH-USDT	+0.0100%	8h	2,737.6	−0.054%	$943K	$8.2M	100x	as long as short
SoDEX ETH-USD	+0.0100%	1h	2,739.6	+0.021%	$61.7M	$121.7M	40x	as long as short
HTX ETH-USDT	+0.0100%	8h	2,737.9	−0.042%	$1.05B	$993.1M	200x	as long as short
Phemex ETHUSDT	+0.0100%	8h	2,737.2	−0.066%	$262.6M	$56.2M	150x	as long as short
Extended ETH-USD	+0.0104%	1h	2,737	−0.073%	$30.2M	$63.7M	50x	as long as short
Aftermath Perps ETHUSD	+0.0111%	1h	2,741	+0.072%	$30K	$8K	20x	as long as short
Coinbase International ETH-PERP-INTX	+0.0112%	1h	2,738.5	−0.019%	$47.6M	$3.86B	50x	as long as short
Kraken Futures PF_ETHUSD	+0.0120%	1h	2,738.4	−0.024%	$82.5M	$265.1M	100x	as long as short
Reya ETHRUSDPERP	+0.0145%	1h	2,736.7	−0.084%	$7.3M	$854K	25x	as long as short
Orderly PERP_ETH_USDCshort	+0.0189%	8h	2,741.8	+0.103%	$32.4M	$9.9M	100x
RISEx ETH/USDC	+0.0342%	1h	2,739.2	+0.006%	$5.7M	$10.4M	25x	as long as short
BloFin ETH-USDTlong	+0.0400%	8h	2,739	long leg	$285.1M	$146.9M	150x
Paradex ETH-USD-PERP	+0.0446%	8h	2,739	−0.002%	$15.8M	$6.1M	50x	as long as short
Injective ETH/USDC PERP	+0.0477%	1h	2,743.8	+0.175%	$118K	$25.0M	52x	as long as short